Back in September, we featured an article about the history of St. Vincent de Paul Louisville and the buildings that make up our downtown campus. We also announced the start of our Rainy Day Aging Building Fund campaign. We wanted to give everyone an update on our progress.
As a reminder, most of the buildings highlighted in the article do not have a replacement budget for major maintenance issues that arise. These buildings are aging and just like our personal homes, the infrastructure of the buildings age, too. When an air conditioning unit fails, the repair or replacement costs come out of our general operating funds, which can put a strain on our organizational budget. The goal of the Rainy Day Aging Buildings Fund campaign is to create an account for each building to cover these larger expenditures when they arise. We had five generous donors who together donated $175,000 to establish a matching pool of money that allows your donation to the Rainy Day Aging Building Fund to have double the impact. Fully exhausting the match fund will secure each building for at least five years. At the writing of this newsletter, we have received 102 donations for a total of $62,750. We are 36% of the way to our goal. For those who have already supported the Fund, thank you!!!
We hope you will continue to support our programs with your standard donation to the Good Samaritan, while also giving a second gift to the Rainy Day Fund. We hope that with your generous and continued support, we can meet the goal by the end of March and go into the Easter season knowing that the buildings are secure. Thank you for your support of the St. Vincent de Paul Louisville mission of housing, feeding, and supporting those in need with compassion and dignity.